Training

The MoF would like to inform that Harvard’s MPA/ID program at Harvard Kennedy School is acceptingapplications from prospective candidates. Further, full scholarships are available for qualifiedcandidates. The MoF’s employees who are interested and eligible as per BCSR-2018 are encouraged to apply for the above prestigious master’s program at Harvard.

The MoF would like to notify that the IMF Regional office for Asia and the Pacific (OAP) is inviting applications for PhD in macroeconomics and short-term program (macroeconomics seminars) under the IMF-Japan Scholarships. MoF’s employees who are interested and eligible as per the provisions of the BCSC-2018 can apply for the above scholarships.

The MoF would like to inform all eligible and interested employees of the MoF to apply for PhD in Economics and Master’s Degree program offered under HRD Scholarship Project by Japanese grant AID. For further information please contact Nima Lhamu, Senior Assistant Country Officer, JDS project office, Japan International Cooperation Center (JICE), Babese, Thimphu at mobile No: 17279147 and RCSC, Thimphu at 322491.

Work at your own pace from May – July 4, 2018.
Total expected workload: 40-50 hours
Application deadline: May 2, 2018

Course Description:
This online course, presented by the IMF’s Fiscal Affairs Department, provides an overview of PFM systems, institutions, and capacity building in developing and emerging market economies. It focuses on PFM issues based on the IMF’s operational and analytical perspectives, in support of macroeconomic stability, economic growth, and achievement of the Sustainable Development Goals (SDGs).

The training covers a wide range of topics, and treats PFM as an integrated system. As such, it focuses on PFM priorities, reform objectives and implementation risks. The course takes conceptual and practical approaches, and includes testimonies from ministers of finance, practitioners, and civil society.

Macroeconomic Management in Resource-Rich Countries (OL18.05, MRCx) in English

This course builds on an extensive cross-country analysis, which is reported analysis, reported notably in the IMF book on “Energy Subsidy Reform: Lessons and Implications,” to make recommendations on how to best implement reforms aimed at reducing state subsidies on energy.

It will introduce the concept of energy subsidies – their definition and measurement – and will review the economic social and environmental implications of subsidies. It will also present tools for assessing the distributional effects of alternative subsidy reform scenarios on the population. Finally, the course will review what works best in energy subsidy reform and will illustrate successes and failures in particular country contexts by summarizing some case studies.

Financial Programming and Policies, Part 1: Macroeconomic Accounts (OL18.105, FPP.1x) in English

Work at your own pace between May 1 and October 31
Total expected workload: Approx. 48-60 hours.

This course explains the basic skills required to conduct financial programming; the principal features of the accounts of the four main sectors that comprise the macroeconomy (real, fiscal, external, and monetary); and how they relate to each other. For each sector, the course presents the accounting framework, interpretations of variables and indicators from these accounts, and basic analysis of the accounts.

Debt Sustainability Analysis (OL18.117, DSAx) in English

Work at your own pace between May 1 and October 31
Total expected workload: between 40-50 hours

This course provides, in five modules, a comprehensive overview of the frameworks for debt sustainability analysis and debt management. The modules are as follows:

This online course aims at strengthening participants’ ability to assess a country’s macroeconomic situation, emphasizing practical tools for use in day-to-day macroeconomic analysis. The course covers assessments of: the current state of the macroeconomy; the stance of fiscal and monetary policy; financial stability; and the medium-term prospects of the economy including the sustainability of public and external debt, the possible misalignment of the exchange rate, and vulnerabilities from the different sectors.

The IMF- STI has shared the various courses available in 2018 through their brochure. Therefore, the officials interested may kindly go through the brochure and apply for the courses that are relevant in your field of work. For more information on STI you can also check their website at www.imfsti.org

Participation in all online courses is free of charge, and there are no limits on the number of participants per country or agency. Please use this link to register for any course. For individual course listings in the e-catalog.

Course Description:
This course, presented by the IMF Institute for Capacity Development and Fiscal Affairs Department, discusses macroeconomic policy issues and challenges that confront resource-rich countries.

Upon completion of this course, participants should be able to:
– Assess how economic performance might differ in RRCs and in other countries in terms, e.g, of growth, inclusive growth, political economy, resource curse, diversification, and Dutch disease.
– Apply simple fiscal rules to determine how much to extract, consume, and save from the sale of natural resource sand modalities for savings, such as a sovereign wealth fund.
– Design a framework with clear objectives and priorities that delivers long-run fiscal sustainability and addresses commodity price volatility, with a supporting role for the public sector on the fiscal regime and government spending.
– Identify appropriate macroeconomic policy responses to commodity price shocks.
– Assess the pros and cons of policies to promote diversity and transparency in the management of natural resources.

This four-week online course is presented by the IMF’s Institute for Capacity Development, Fiscal Affairs Department, and Middle East and Central Asia Department. It builds on an extensive cross-country analysis, which is reported analysis, reported notably in the IMF book on “Energy Subsidy Reform: Lessons and Implications,” to make recommendations on how to best implement reforms aimed at reducing state subsidies on energy.

The course will introduce the concept of energy subsidies – their definition and measurement – and will review the economic social and environmental implications of subsidies. It will also present tools for assessing the distributional effects of alternative subsidy reform scenarios on the population. Finally, the course will review what works best in energy subsidy reform and will illustrate successes and failures in particular country contexts by summarizing some case studies.

This seven-week course builds on the FPP.1x course and aims to extend participants’ understanding of the design and implementation of macroeconomic and financial policies. Specifically, the course presents simple forecasting methods for each sector of the macroeconomy; diagnosis of macroeconomic performance under baseline assumptions; and preparation of a macroeconomic adjustment program for a case study country.